Which stock wins in a matchup between a U.S. marijuana retailer and a Canadian cannabis grower?
Marijuana stocks aren’t all alike. MedMen Enterprises Inc.(NASDAQOTH:MMNFF) and CannTrust Holdings Inc. (NASDAQOTH:CNTTF) prove the point. Their business models are very different. MedMen is a U.S.-based company, while CannTrust is headquartered in Canada.
So far this year, CannTrust has turned in a better stock performance than MedMen has. But which of these two marijuana stocks is the better pick for investors now? Here’s how MedMen and CannTrust stack up against each other.
The case for MedMen
MedMen Enterprises is the leading marijuana retailer in the U.S. It currently operates dispensaries in California, Nevada, and New York. But in MedMen’s own words, the company doesn’t “run pot shops.” Instead, MedMen manages “class-leading retail stores that happen to sell marijuana and marijuana products.”
Is that just spin? No. In its most recent quarter, MedMen reported revenue per square foot of $6,541 at its seven cannabis stores operating in California….